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118 W 87th Place, Los Angeles, CA 90003

$698,888

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11 Photos

Active

LOT SIZE 0.123 acres MLS#26658415

STATUSActive PROPERTY TYPELand - Lot/Land SUBDIVISIONTR 337

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Listing Courtesy of: Compass
Agency Phone: 818-783-7721
Associate Name: Hooman Morvarid

Listing Shown by: Watson Realty - Central California Escrow
Agency Phone: (661) 716-5000

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Property Description

RTI Affordable Development Site, 11-unit ED1 TOC Tier 3, priced to move. The existing triplex has been demolished. Permit-ready affordable housing development opportunity with an issued grading permit and a building permit application that is Ready to Issue (RTI). Proposed 3-story apartment project, positioned for a buyer seeking a fast path to start work without going back through full entitlement. Attached documents include LADBS grading permit and receipt, soils report, and City soils approval letter, LADBS building permit status showing Ready to Issue, approved plan set, and recorded affordable housing covenant running with the land. Buyer to review the covenant and verify all requirements.

118 W 87th Place | MLS# 26658415

This land located at 118 W 87th Place, Los Angeles, CA 90003 is currently listed for sale with an asking price of $698,888. The property has approximately 0.12 Acres. Search Los Angeles real estate on www.cce-escrow.com today.

Property Features

Property Type: Land - Lot/Land

Lot Size: 0.12 Acres

Feature Descriptions

Days on Site: 32

Lot: Flat

Lot Dimensions: 38 x 67

Parcel#: 6040021018

Sewer: Other

Topography: Level

Listed By / Shown By

Listed By

Agency Name: Compass
Agency Phone: 818-783-7721
Agent Name: Hooman Morvarid

Shown By

Agency Title: Watson Realty - Central California Escrow
Agency Phone: (661) 716-5000

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Estimated Payment

$ 1,759.27 per month $1,555.42 Principal & Interest $0.00 Property Tax (data not provided by mls) $203.84 Homeowner's Insurance

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118 W 87th Place, Los Angeles, CA 90003

$698,888

SAVE TOUR PROPERTY

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/04/2026. The listing information on this page last changed on 04/04/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 04/04/2026 12:00:04 AM EST) or CRMLS (last updated Fri 04/03/2026 11:49:11 PM EST) or GEMLS (last updated Fri 04/03/2026 11:13:41 PM EST) or Tehachapi MLS (last updated Fri 04/03/2026 11:01:50 PM EST). Real estate listings held by brokerage firms other than Watson Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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118 W 87th Place, Los Angeles, CA 90003

Property Description

118 W 87th Place | MLS# 26658415

Property Features

Feature Descriptions

Listed By / Shown By

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118 W 87th Place, Los Angeles, CA 90003

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